Strategic Financial Concepts LLC Buys Shares of 56,845 Super Micro Computer, Inc. (NASDAQ:SMCI)

Strategic Financial Concepts LLC purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 56,845 shares of the company’s stock, valued at approximately $1,733,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Salem Investment Counselors Inc. purchased a new stake in Super Micro Computer during the fourth quarter valued at approximately $30,000. Trust Co. of Vermont grew its position in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 900 shares during the period. Toth Financial Advisory Corp purchased a new stake in shares of Super Micro Computer in the 4th quarter worth $31,000. Golden State Wealth Management LLC purchased a new position in Super Micro Computer during the fourth quarter valued at $34,000. Finally, Blue Trust Inc. grew its holdings in Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock valued at $38,000 after purchasing an additional 825 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SMCI. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. upped their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Northland Securities restated an “outperform” rating and set a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.20.

Super Micro Computer Stock Up 13.3 %

Shares of NASDAQ:SMCI opened at $47.91 on Tuesday. The company has a market cap of $28.05 billion, a price-to-earnings ratio of 24.05 and a beta of 1.30. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $33.66 and a 200 day moving average price of $39.82.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.